Ministry of Commerce & Industry
Index of Eight Core Industries in February 2022 increases by 5.8 per cent to 137.1
Index of Eight Core Industries  for February, 2022 released
The combined Index of Eight Core Industries stood at 137.1 in February 2022, which increased by 5.8 per cent  as compared to the Index of February 2021. The production of Coal, Natural Gas, Refinery Products, Steel, Cement and Electricity industries increased in February 2022 over the corresponding period of last year.
The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade  released Index of Eight Core Industries  for the Month of February, 2022. ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production . Details of yearly and monthly indices and growth rates are provided at Annex I & II respectively.
Final growth rate of Index of Eight Core Industries for November 2021 has been revised to 3.2% from its provisional level 3.1%. The cumulative growth rate of ICI during April-February 2021-22 was 11.0%  as compared to the corresponding period of last FY.
The summary of the Index of Eight Core Industries is given below:
Coal –Coal production  increased by 6.6 per cent in February, 2022 over February, 2021. Its cumulative index increased by 9.8 per cent during April to February, 2021-22 over corresponding period of the previous year.
Crude Oil–Crude Oil production  declined by 2.2 per cent in February, 2022 over February, 2021. Its cumulative index declined by 2.6 per cent during April to February, 2021-22 over the corresponding period of previous year.
Natural Gas - Natural Gas production  increased by 12.5 per cent in February, 2022 over February, 2021. Its cumulative index increased by 20.5 per cent during April to February, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products–Petroleum Refinery production  increased by 8.8 per cent in February, 2022 over February, 2021. Its cumulative index increased by 9.2 per cent during April to February, 2021-22over the corresponding period of previous year.
Fertilizers –Fertilizers production  declined by 1.4 per cent in February, 2022 over February, 2021. Its cumulative index decreased by 0.4 per cent during April to February, 2021-22 over the corresponding period of previous year.
Steel –Steel production  increased by 5.7 per cent in February, 2022 over February, 2021. Its cumulative index increased by 18.4 per cent during April to February, 2021-22 over the corresponding period of previous year.
Cement –Cement production  increased by 5.0 per cent in February, 2022 over February, 2021. Its cumulative index increased by 22.4 per cent during April to February, 2021-22 over the corresponding period of previous year.
Electricity –Electricity generation  increased by 4.0 per cent in February, 2022 over February, 2021. Its cumulative index increased by 8.1 per cent during April to February, 2021-22 over the corresponding period of previous year.
Note 1: Data for December, 2021, January, 2022 and February, 2022 are provisional. Index numbers of Core Industries are revised/finalized as per updated data from source agencies.
Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled  under the item ‘Cold Rolled  coils’ within the production of finished steel has also been included.
Note 5: Release of the index for March, 2022 will be on Friday 29th April, 2022.
Annex I
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
|
|
Sector
|
|
Weight
|
|
2012-13
|
|
2013-14
|
|
2014-15
|
|
2015-16
|
|
2016-17
|
|
2017-18
|
|
2018-19
|
|
2019-20
|
|
2020-21
|
|
Apr-Feb 2020-21
|
|
Apr-Feb 2021-22|
|
Coal
|
|
10.3335
|
|
103.2
|
|
104.2
|
|
112.6
|
|
118.0
|
|
121.8
|
|
124.9
|
|
134.1
|
|
133.6
|
|
131.1
|
|
123.9
|
|
136.1
|
|
Crude Oil
|
|
8.9833
|
|
99.4
|
|
99.2
|
|
98.4
|
|
97.0
|
|
94.5
|
|
93.7
|
|
89.8
|
|
84.5
|
|
80.1
|
|
79.8
|
|
77.8
|
|
Natural Gas
|
|
6.8768
|
|
85.6
|
|
74.5
|
|
70.5
|
|
67.2
|
|
66.5
|
|
68.4
|
|
69.0
|
|
65.1
|
|
59.8
|
|
59.1
|
|
71.2
|
|
Refinery Products
|
|
28.0376
|
|
107.2
|
|
108.6
|
|
108.8
|
|
114.1
|
|
119.7
|
|
125.2
|
|
129.1
|
|
129.4
|
|
114.9
|
|
113.1
|
|
123.6
|
|
Fertilizers
|
|
2.6276
|
|
96.7
|
|
98.1
|
|
99.4
|
|
106.4
|
|
106.6
|
|
106.6
|
|
107.0
|
|
109.8
|
|
111.6
|
|
113.3
|
|
112.9
|
|
Steel
|
|
17.9166
|
|
107.9
|
|
115.8
|
|
121.7
|
|
120.2
|
|
133.1
|
|
140.5
|
|
147.7
|
|
152.6
|
|
139.4
|
|
136.1
|
|
161.2
|
|
Cement
|
|
5.3720
|
|
107.5
|
|
111.5
|
|
118.1
|
|
123.5
|
|
122.0
|
|
129.7
|
|
147.0
|
|
145.7
|
|
130.0
|
|
125.2
|
|
153.2
|
|
Electricity
|
|
19.8530
|
|
104.0
|
|
110.3
|
|
126.6
|
|
133.8
|
|
141.6
|
|
149.2
|
|
156.9
|
|
158.4
|
|
157.6
|
|
155.5
|
|
168.2
|
|
Overall Index
|
|
100.0000
|
|
103.8
|
|
106.5
|
|
111.7
|
|
115.1
|
|
120.5
|
|
125.7
|
|
131.2
|
|
131.6
|
|
123.2
|
|
120.7
|
|
134.1Provisional
Growth Rates 
|
|
Sector
|
|
Weight
|
|
2012-13
|
|
2013-14
|
|
2014-15
|
|
2015-16
|
|
2016-17
|
|
2017-18
|
|
2018-19
|
|
2019-20
|
|
2020-21
|
|
Apr-Feb 2020-21
|
|
Apr-Feb 2021-22|
|
Coal
|
|
10.3335
|
|
3.2
|
|
1.0
|
|
8.0
|
|
4.8
|
|
3.2
|
|
2.6
|
|
7.4
|
|
-0.4
|
|
-1.9
|
|
-2.2
|
|
9.8
|
|
Crude Oil
|
|
8.9833
|
|
-0.6
|
|
-0.2
|
|
-0.9
|
|
-1.4
|
|
-2.5
|
|
-0.9
|
|
-4.1
|
|
-5.9
|
|
-5.2
|
|
-5.4
|
|
-2.6
|
|
Natural Gas
|
|
6.8768
|
|
-14.4
|
|
-12.9
|
|
-5.3
|
|
-4.7
|
|
-1.0
|
|
2.9
|
|
0.8
|
|
-5.6
|
|
-8.2
|
|
-9.9
|
|
20.5
|
|
Refinery Products
|
|
28.0376
|
|
7.2
|
|
1.4
|
|
0.2
|
|
4.9
|
|
4.9
|
|
4.6
|
|
3.1
|
|
0.2
|
|
-11.2
|
|
-12.2
|
|
9.2
|
|
Fertilizers
|
|
2.6276
|
|
-3.3
|
|
1.5
|
|
1.3
|
|
7.0
|
|
0.2
|
|
0.03
|
|
0.3
|
|
2.7
|
|
1.7
|
|
2.2
|
|
-0.4
|
|
Steel
|
|
17.9166
|
|
7.9
|
|
7.3
|
|
5.1
|
|
-1.3
|
|
10.7
|
|
5.6
|
|
5.1
|
|
3.4
|
|
-8.7
|
|
-11.8
|
|
18.4
|
|
Cement
|
|
5.3720
|
|
7.5
|
|
3.7
|
|
5.9
|
|
4.6
|
|
-1.2
|
|
6.3
|
|
13.3
|
|
-0.9
|
|
-10.8
|
|
-14.9
|
|
22.4
|
|
Electricity
|
|
19.8530
|
|
4.0
|
|
6.1
|
|
14.8
|
|
5.7
|
|
5.8
|
|
5.3
|
|
5.2
|
|
0.9
|
|
-0.5
|
|
-2.4
|
|
8.1
|
|
Overall Growth
|
|
100.0000
|
|
3.8
|
|
2.6
|
|
4.9
|
|
3.0
|
|
4.8
|
|
4.3
|
|
4.4
|
|
0.4
|
|
-6.4
|
|
-8.1
|
|
11.0Provisional,YoY is calculated over the corresponding financial year of previous year
Annex II
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
|
|
Sector
|
|
Coal
|
|
Crude Oil
|
|
Natural Gas
|
|
Refinery Products
|
|
Fertilizers
|
|
Steel
|
|
Cement
|
|
Electricity
|
|
Overall Index
|
|
Weight
|
|
10.3335
|
|
8.9833
|
|
6.8768
|
|
28.0376
|
|
2.6276
|
|
17.9166
|
|
5.3720
|
|
19.8530
|
|
100.0000
|
|
Feb-21
|
|
163.6
|
|
73.2
|
|
57.7
|
|
114.8
|
|
103.9
|
|
156.3
|
|
160.9
|
|
153.9
|
|
129.6
|
|
Mar-21
|
|
210.3
|
|
82.4
|
|
67.5
|
|
134.4
|
|
93.4
|
|
175.2
|
|
182.5
|
|
180.0
|
|
150.8
|
|
Apr-21
|
|
113.5
|
|
78.5
|
|
66.7
|
|
123.4
|
|
88.3
|
|
160.0
|
|
159.0
|
|
174.0
|
|
132.0
|
|
May-21
|
|
117.1
|
|
76.8
|
|
68.7
|
|
117.7
|
|
102.5
|
|
149.4
|
|
131.1
|
|
161.9
|
|
125.4
|
|
Jun-21
|
|
112.1
|
|
78.2
|
|
70.0
|
|
113.2
|
|
116.9
|
|
153.1
|
|
148.2
|
|
169.1
|
|
127.2
|
|
Jul-21
|
|
119.2
|
|
80.3
|
|
72.8
|
|
122.2
|
|
120.1
|
|
155.2
|
|
154.3
|
|
184.7
|
|
134.7
|
|
Aug-21
|
|
118.4
|
|
79.4
|
|
73.7
|
|
115.5
|
|
117.0
|
|
161.1
|
|
148.8
|
|
188.7
|
|
134.2
|
|
Sep-21
|
|
113.8
|
|
77.0
|
|
73.3
|
|
112.7
|
|
113.6
|
|
160.5
|
|
141.1
|
|
167.9
|
|
128.0
|
|
Oct-21
|
|
140.4
|
|
79.2
|
|
76.3
|
|
127.5
|
|
122.9
|
|
167.6
|
|
161.9
|
|
167.3
|
|
137.8
|
|
Nov-21
|
|
149.2
|
|
76.6
|
|
72.2
|
|
131.9
|
|
121.4
|
|
157.4
|
|
127.3
|
|
147.9
|
|
131.8
|
|
Dec-21|
|
164.3
|
|
79.1
|
|
72.7
|
|
134.4
|
|
121.1
|
|
169.7
|
|
168.4
|
|
162.5
|
|
141.6
|
|
Jan-22|
|
174.8
|
|
79.1
|
|
71.4
|
|
135.8
|
|
115.2
|
|
174.2
|
|
176.7
|
|
165.6
|
|
144.8
|
|
Feb-22|
|
174.4
|
|
71.6
|
|
64.9
|
|
124.9
|
|
102.4
|
|
165.2
|
|
169.0
|
|
160.1
|
|
137.1Provisional
Growth Rates 
|
|
Sector
|
|
Coal
|
|
Crude Oil
|
|
Natural Gas
|
|
Refinery Products
|
|
Fertilizers
|
|
Steel
|
|
Cement
|
|
Electricity
|
|
Overall Growth
|
|
Weight
|
|
10.3335
|
|
8.9833
|
|
6.8768
|
|
28.0376
|
|
2.6276
|
|
17.9166
|
|
5.3720
|
|
19.8530
|
|
100.0000
|
|
Feb-21
|
|
-4.4
|
|
-3.2
|
|
-1.0
|
|
-10.9
|
|
-3.7
|
|
2.2
|
|
0.2
|
|
0.2
|
|
-3.3
|
|
Mar-21
|
|
0.3
|
|
-3.1
|
|
12.3
|
|
-0.7
|
|
-5.0
|
|
31.5
|
|
40.6
|
|
22.5
|
|
12.6
|
|
Apr-21
|
|
9.5
|
|
-2.1
|
|
25.0
|
|
30.9
|
|
3.9
|
|
494.8
|
|
606.6
|
|
38.5
|
|
62.6
|
|
May-21
|
|
7.0
|
|
-6.3
|
|
20.1
|
|
15.3
|
|
-9.6
|
|
55.1
|
|
11.7
|
|
7.5
|
|
16.4
|
|
Jun-21
|
|
7.4
|
|
-1.8
|
|
20.6
|
|
2.4
|
|
2.0
|
|
25.2
|
|
7.5
|
|
8.2
|
|
9.4
|
|
Jul-21
|
|
18.8
|
|
-3.2
|
|
19.0
|
|
6.7
|
|
0.6
|
|
9.4
|
|
21.7
|
|
11.0
|
|
9.9
|
|
Aug-21
|
|
20.6
|
|
-2.3
|
|
20.7
|
|
9.1
|
|
-3.1
|
|
6.9
|
|
36.3
|
|
16.0
|
|
12.2
|
|
Sep-21
|
|
7.8
|
|
-1.7
|
|
27.5
|
|
6.0
|
|
0.04
|
|
7.1
|
|
11.3
|
|
0.9
|
|
5.4
|
|
Oct-21
|
|
14.7
|
|
-2.2
|
|
25.8
|
|
14.4
|
|
0.04
|
|
5.9
|
|
14.6
|
|
3.2
|
|
8.7
|
|
Nov-21
|
|
8.2
|
|
-2.2
|
|
23.7
|
|
4.3
|
|
2.5
|
|
0.9
|
|
-3.6
|
|
2.1
|
|
3.2
|
|
Dec-21|
|
5.2
|
|
-1.8
|
|
19.5
|
|
5.9
|
|
3.5
|
|
-0.7
|
|
13.9
|
|
2.9
|
|
4.1
|
|
Jan-22|
|
8.2
|
|
-2.4
|
|
11.7
|
|
3.7
|
|
-2.0
|
|
3.7
|
|
14.3
|
|
0.9
|
|
4.0
|
|
Feb-22|
|
6.6
|
|
-2.2
|
|
12.5
|
|
8.8
|
|
-1.4
|
|
5.7
|
|
5.0
|
|
4.0
|
|
5.8Provisional,YoY is calculated over the corresponding month of previous year